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Breaking News

India s Forex reserves up $1.2 bn, reclaim $400 bn mark

Friday - December 1, 2017 11:22 pm , Category : BUSINESS

Mumbai Dec 1 (IANS) India s foreign exchange (Forex) reserves kitty increased by $1.20 billion as on November 24 2017 official data showed on Friday.



The Reserve Bank of India s (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves rose to $400.74 billion from $399.53 billion reported for the week ended November 17.

India s Forex reserves comprise of foreign currency assets (FCAs) gold reserves special drawing rights (SDRs) and the RBI s position with the International Monetary Fund (IMF).

--IANS
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